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20121118
20121118
Search Results 0 to 16 of about 17 (some duplicates have been removed)
something that's trending on the web right now. it's this white house photo showing president obama and olympic gymnast mikala maroney looking not impressed. the president was having a little fun with maroney who had that same face when she finished the vault. that look went viral. i'll be back and show you how the twinkie is iconic in mexico. that's right, mexico. stay with cnn. "your money" starts right now. >>> this is the economic storm of our own making and it's threatening any chance of a sustained recovery. i'm ali velshi. this is "your money" and i'm going to show you the damage america could do to itself if washington allows us to go over the fiscal cliff. unemployment in the u.s. which has come down to to 20.9%, it could go up another 9%. according to a new research new york post poll, you clearly understand the danger of this fiscal cliff. 50% say it will have a major effect on the economy, 21% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy
in washington, right now, about the fiscal cliff? president obama says, look, let's extend the bush tax cuts, lower tax rates for 98% of all taxpayers including the middle class, right now. we can -- i'll sign it today. took out his pen at the news conference and the republicans saying, no, no, no, we can't do that until we decide what we'll do with the top 2% of taxpayers. why wouldn't the middle class voter look at that and say, these guys, the g.o.p., are all about protecting the rich? >> chris, two things, one, we as a republican party need to make it clear and we will make it clear we are not the party of big. big businesses, big banks, big wall street, big bailouts, when it comes to the tax code, the republican party have toic mate clear we are for a lower, flatter, simpler tax code and you can maintain progress sift and there are ideas to limit deductions and get rid of carvouts and we aren't the party trying to protect the rich. we are the party that wants growth, pro-growth parties and let the democratic party be a government growing revenues and we want to grow the private sector a
% say a minor effect, 2% no effect, 10% say they don't know, which is why you're watching this right now. president obama says they're centering around increasing tax on the wealthy which will go a good way in increasing the revenue that he wants to raise in the next decade in an attempt to reduce the federal deficit. he wants to reinstate the bush tax cut which goes to the top 2% of earners. that would jump from 36% to 39%. he likes to say that's where it was during the clinton years. the second one would go from 36% to 39%. he's been focusing on this specific number since his reelection which suggests he may compromise on the actual rates in order to get a deal. there are other taxes as well he's talking about. taxes on investment gain would also go up. the capital gains tax would go from 15% to 20% and dividend taxes would go from 50% to the income tax rate. as i showed you, 39.6%. president obama argues this will hurt people with savings and dividend stocks, but the overall investment gains are enjoyed by the wealthy. this, again, would target that rich group that president obama is
. >> chris: stay tuned. we'll be right back. >> president barack obama: my hope is that this is going to be the beginning of a fruitful process, where we are able to come to an agreement, that will reduce our deficit. >> we're serious about cutting spending and solving our fiscal dilemma and i believe we can do this and avert the fiscal cliff that is right in front of us today. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous consumers before the christmas holidays and, investors because the stock market is done a thousand points. >> everyone is nervous about this. this is the last chance and the next six weeks could be six weeks that shook the united state
he's fought it well among conservatives. he's always working for barack obama and there's a scandal around him. i wonder, do you think there's a constituency on the right for an actual privacy interest? >> i'm one of the less liberal conservatives you are going to talk to. the startling thing is there's not enough secret si. i think it's understandable the fbi would want to know that if someone has classified documents whose had an intimate relationship with the cia director, you want to know about that. you might have a leak here. once you discover, it's purely personal, why did it make it into the newspapers at all. in a different time and place, the way it would have been handled, the fbi would have concluded their investigation, shared it with the president. >> they wouldn't just let you know he knows this about you. fighting a bureaucratic battle. >> right now, i'm reading the biography of dwight eisenhower. everyone new of his affair. he talked of divorcing his wife. they said if you do that, you will be fired. if you don't divorce your wife, we will keep it quiet. the preside
that the left opposes and right opposes and it's president obama, "the washington post" editorial board, new york times, a few others kind of in the middle there. we'll see. >> jon: the media loved it this week when the president met with some the heads of major corporations, but there weren't really any small business people represented and the question, is it just a photo op? >> well, i think the president is reaching out, he's making an effort to meet with a lot of different people. it is interesting that the first people who saw him after his election were union people and that shouldn't be surprising, but the media did take note of that. but i think that, mr. boehner's conciliatory attitude reflects exactly as said, the politics of the situation, and david brooks had an interesting column saying not only irresponsible to take the country over the fiscal cliff, but it's bad politics for the republicans. i think that accounts for the mood of con vifalty and consensus. >> and the media says is bad politics-- >> speaking of that the new yorker had a blaring headline this week, is obama will
on in washington right now about the fiscal cliff. president obama says let's extend the bush tax cuts, the lower tax rates for 98% of all taxpayers, including the middle class right now. i'll sign it today and took out his pen at the news conference. and the republicans saying, no, no, no, we can't do that until we decide what we are going to do with the top two percent of taxpayers. why wouldn't a middle class voter look at that and say these guys in the gop are all about protecting the rich? >> chris, two things. one, we as a republican party need to make it very clear, and we are going to make it very clear we around the party of big. business businesses, big banks, big wall street, big bailouts. when it comes to the tax code, we are for a lower, simpler, platter tax code. you there were ideas to limit deductions for the wealthy, there have been ideas to get rid of some of these things but we aren't the party trying to broke the rich. they can protect themselves. we are the party that wants pro growth period. let the democratic party be the party of government growing revenues. we want to gro
, climate change. >> ben gotti. >> and benghazi. >> i thought it was all right. they covered most of the principle stories of the day or week. wi us most struck by the difference in president obama himself. this was a more confident, relaxed, even assertive president or person than we had seen before. and he staked out his position on taxes. and, then, of course, he rolled it back. >> he was impassioned in his defense of susan rice, something we rarely see from the president. >> right. so winning another four years will do that for you. let's contrast with the loser of the election. that's mitt romney. he hasn't given any interviews or offered any positive forward statements. instead he did a conference call with donors and people were able to listen in and romney was quoted at not directly saying that president obama gave gifts to women, gays, and free contraceptives was very popular with young women. is romney really getting beat up by the press because all he has are these comments that made him look bitter? >> well, he made them. >> like the 47%. >> yeah. it reinforces that 47
to be willing to let the tax cuts skpiefrmt is that the right strategy here? >> well, it depends where you're trying to get. i think -- i happen to agree with president obama about where he is substantively in terms of what he needs to do to get an effect ivg program as far as our long term tra jektly. i think some of his tactics, it's very hard if you're not in the room to know what to do tactically but what he says to me is different than what you said. he said i have an objective. we cannot get there with tax expenditures. >> with the tax reduxes. >> right. if it meets with the long-term fiscal trajectory, you can get ourselves in a much better place for the long term and you can significantly improve long range terms. you put all that together. what he then said is i'm willing to sit with people and compromise to find common ground. it's sort of what he says but not quite. he says beall have to work together if we're going to meet that objective. >> what do you guess? is he playing too hard ball with the republicans or is there room for compromise? >> i think he shouldn't focus at all
Search Results 0 to 16 of about 17 (some duplicates have been removed)